YPF Luz Offers $75mn In Negotiable Obligations

(Energy Analytics Institute, Aaron Simonsky, 7.May.2019) — YPF Energía Eléctrica, also known as YPF Luz, offered $75 million in negotiable obligations on the Argentina stock exchange at an interest rate of 10.24%.

Funds from the offering will be destined to finance projects related to thermal and renewable energies, reports online media Río Negro.

The obligations are classified Class I and mature in 24 months or in 2021. YPF Luz originally planned to offer $50 million, but with nearly 1,136 purchase orders, it increased the amount by $25 million.